When are Shadberg going to arrive on one of the WA threads to assure is that all these silly bears are just talking nonsense?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
But but but but..... The chamber of commerce said we were going to grow 3% a year for the next 20 years????
This must be a mistake?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
You reckon the treasurer wakes up and checks the ore price everyday?
Probably got a market ticker on his bedside clock.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
WA: I have no understanding how it is that a bunch of bludgers sitting on their butts in Perth flogging themselves overpriced beers 'n coffee lattes 'n houses, figure they are entitled to the hard earned of all the various FIFOs from all the other states 'n all 'round the world who rock up ta do a bit of work in the joint? But that's just how it seems ta be. (With a plethora of dudes figuring the same [re both their own states 'n WA] over in the Eastern states.)
I wonder if Black Panther is regretting his investments there yet? It certainly looks all downhill for Perth and WA in general for the decade ahead. Like a stone thrown off a roof.
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